Herbal Supplements and Remedies Market is Expected to Rise at a Remarkable CAGR During 2016 to 2024

Herb plants are known for its therapeutic properties, aroma, essence and also as nutritional complement. They are used as medicine for different diseases, in the form of capsules, tablets, teas, extracts, powders and dried or fresh plants. Herbs are also used as supplements for fine fitness and dietary. However, several herbs, like kava, saforle and St. John’s wort causes severe damage, they can affect individually or in combination.

Herbal Supplements and Remedies Market: Growth Factors

The growth of herbal supplements and remedies market has notable scope due to growing alertness and acceptance for herbal supplements, increasing number of consumer to take in herbal supplements as substitute medicine. Also, higher cost of remedial, dietetic products, busy and unhealthy routine, government funding has driven public towards the healthy, fit and efficient preference of herbal dietary supplements and medicine. This would help them to recover and prevent various disorders. Conversely, Current Good Manufacturing Practices (CGMP) for herbal dietary supplements by the U.S. FDA has laid strict regulatory policies and scarcities of raw product forms of delivery are factors that may lower market growth. The foremost user crowd is young aged women owing to escalating anxiety for diet, and superior interest towards smart health. Herbal supplement attracts the early adult and also the post adult group for safety and fitness.

The report covers forecast and analysis for the herbal supplements and remedies market on a global and regional level. The study provides historic data of 2014 along with a forecast from 2014 to 2020 based on revenue (USD Million). The report also offers detailed competitive landscape of the global herbal supplements and remedies market. It includes company market share analysis, product portfolio of the major industry participants. The report provides detailed segmentation of the herbal supplements and remedies market based on product segment and region.

The herbal supplement and remedies market can be segment on the basis of product and region. Garlic, Aloe Vera, Multi-Herbs, Soy, Ginkgo Biloba, Ginseng, Echinacea and Specialty Herbs, among others are the different products. Fish oils, herbal supplements such as detoxes, acidohiplus and probiotic are budding as option to conformist artificial supplements. There is a considerable boost in the sale of food supplements, in spite of the low finance, because large numbers of customers distinguish food supplements as low-cost and an anti-medicinal substitute to guide a fit lifestyle. Out of all the products Multi-erbs was one of the leading segments with noteworthy share of the whole herbal supplements and remedies market. Glucosamine herbal extracts, omega-3s, chondroitin, multivitamins and probiotics are also some of the market key products in the market.

The report provides a comprehensive view on the herbal supplements and remedies market we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the herbal supplements and remedies market has also been included. The study encompasses a market attractiveness analysis, wherein product segments are benchmarked based on their market size, growth rate and general attractiveness. The report also analyzes several driving and restraining factors and their impact on the market during the forecast period.

Herbal Supplements and Remedies Market: Regional Analysis

Geographically, herbal supplements and remedies market has been categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is the prime regional market for herbal supplements and remedies, and contributes highest share in the world market. Asia-Pacific is also another prominent market for herbal supplements on a global level. Soy and Specialty Herbs are estimated to exhibit high growth in the herbal supplements and remedies market.